QuantumScape Corp. ($QS) Stock Forecast: Down 9.1% Today

What is QuantumScape Corp.?

QuantumScape Corp (NYSE: QS) specializes in the development of solid-state lithium-metal batteries for electric vehicles. The stock displayed a bearish movement today.

Why is QuantumScape Corp. going down?

QS stock is down 9.1% on Oct 29, 2024 13:46

• Despite the positive announcement of producing and shipping its first b-sample cells for testing, QuantumScape stock experienced a strong bearish movement.
• The market's negative response to the company's Q3 earnings preview resulted in a 3.49% decline in share price during the previous session.
• Investor caution appears to be driven by concerns regarding QuantumScape's cash runway, partnerships, and production updates, contributing to the bearish trend in the stock today.

QS Price Chart

QS Technical Analysis

QS News

Jim Cramer: Avoid This Consumer Cyclical Stock, Buy Lam Research - NetApp ( NASDAQ:NTAP )

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Lam Research Corporation LRCX. "I like it very much here," he added. On Oct. 23, Lam Research reported quarterly earnings of 86 cents per share, which beat the analyst consensus estimate of 80 cents.

https://www.benzinga.com/news/24/10/41598310/jim-cramer-avoid-this-consumer-cyclical-stock-buy-lam-research

QuantumScape Stock Is Ripping Higher Thursday: What's Going On? - QuantumScape ( NYSE:QS )

QuantumScape Corp QS shares are trading higher Thursday after the company said it began producing its first b-sample cells and started shipping them to customers for testing. What Happened: QuantumScape reported third-quarter financial results after the market close on Wednesday.

https://www.benzinga.com/news/earnings/24/10/41517741/quantumscape-stock-is-ripping-higher-thursday-whats-going-on

QuantumScape Q3 Earnings Preview: Cash Runway, Partnerships And Production Updates - QuantumScape ( NYSE:QS )

QuantumScape Corp QS shares are trading lower by 3.49% to $5.11 during Wednesday's session. Traders and investors are watching for the company's third quarter earnings report, confirmed for Wednesday's after hours session.

https://www.benzinga.com/news/24/10/41492951/quantumscape-q3-earnings-preview-cash-runway-partnerships-and-production-updates

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QuantumScape Corp. Price History

29.07.2024 - QS Stock was up 5.1%

• Insiders at QuantumScape, including the CTO and Chief Legal Officer, have been selling significant amounts of shares recently.
• Despite insider selling, analysis suggests that holding onto QS shares for the long-term potential of solid-state batteries could be rewarding.
• The surge in battery technology stocks, driven by emerging trends in renewable energy, may have positively influenced QS's market performance.
• The information about insider sales, while potentially raising concerns, did not deter investors from recognizing the growth prospects in the battery technology sector, contributing to QS's bullish movement.

28.07.2024 - QS Stock was down 5.1%

• The surge in battery technology stocks due to emerging trends in renewable energy did not seem to positively impact QuantumScape today.
• The insider sales by the CTO and Chief Legal Officer, totaling over $570k, might have raised concerns among investors about the company's future prospects.
• The significant amount of shares being sold by key executives could have signaled lack of confidence in QuantumScape's performance or potential challenges ahead, leading to the bearish movement in the stock price.
• Investors may interpret these insider sales as a lack of faith in the company's ability to deliver on its promises, causing a sell-off and driving the stock price down.

24.09.2024 - QS Stock was up 25.4%

• The surge in QuantumScape's stock price coincided with its recent announcement of producing and shipping its first b-sample cells to customers for testing, indicating milestones in advancing its battery technology.
• Market enthusiasm for QuantumScape's progress in solid-state battery technology reflects investors' confidence in the company's potential to transform the electric vehicle sector.
• Additionally, the stock's bullish movement was likely influenced by the positive market response to the company's third-quarter financial results, released post-market on Wednesday. This reception further heightened investor optimism and propelled the stock price upwards.

29.09.2024 - QS Stock was down 9.1%

• Despite the positive announcement of producing and shipping its first b-sample cells for testing, QuantumScape stock experienced a strong bearish movement.
• The market's negative response to the company's Q3 earnings preview resulted in a 3.49% decline in share price during the previous session.
• Investor caution appears to be driven by concerns regarding QuantumScape's cash runway, partnerships, and production updates, contributing to the bearish trend in the stock today.

24.06.2024 - QS Stock was down 6.5%

• QuantumScape stock had a strong bearish movement today despite recent positive developments in the company's battery business.
• The stock had surged 65% following an announcement of a collaboration with Volkswagen Group's battery division, PowerCo, to mass produce solid-state lithium-metal batteries.
• The initial excitement and gains from the announcement may have led to profit-taking by investors, causing the stock to decline.
• The overall volatility in the battery stock market, with high expectations but also uncertainties about long-term viability, likely contributed to the bearish movement in QuantumScape stock today.

24.06.2024 - QS Stock was down 5.1%

• QuantumScape stock had a strong bearish movement today despite recent positive PR about its battery business.
• The market rotation away from meme stocks and towards smaller-cap and value stocks may have contributed to the decline in QS stock.
• While the collaboration with PowerCo for mass production of solid-state lithium-metal batteries was initially well-received, the current market sentiment seems to be favoring other types of stocks.
• Investors may be cautious about the speculative nature of battery stocks and the overall uncertainty in the market, leading to the bearish movement in QuantumScape stock.

26.06.2024 - QS Stock was up 5.9%

• QuantumScape reported wider losses than expected in Q2, with $0 revenue and a net loss of $122.95 million. The GAAP EPS loss of 25 cents missed analyst estimates.
• Increased expenses in research and development, along with capital expenditures, led to the EPS miss and raised concerns about profitability.
• TD Cowen lowered its price target for QS stock, citing high cash burn and uncertainty regarding the company's path to profitability.
• QuantumScape secured a deal with PowerCo and extended its cash runway, potentially boosting investor confidence and driving the bullish stock movement.

25.06.2024 - QS Stock was down 12.1%

• QuantumScape's stock witnessed a bearish movement today subsequent to the recent Q2 2024 earnings publication.
• The company disclosed earnings per share of -25 cents, falling short of the analyst projection of -23 cents by 8.7%.
• While QuantumScape finalized an agreement with PowerCo and extended its cash reserves, the market responded negatively to the earnings shortfall, resulting in a decrease in the stock value.
• Investors seemed somewhat let down by the absence of reported revenue for the quarter, contributing to the downward trend observed in QuantumScape's stock.

25.06.2024 - QS Stock was down 9.0%

• QuantumScape stock experienced a bearish movement likely due to missing earnings per share for Q2 2024, coming in at -25 cents compared to the analyst estimate of -22 cents.
• Despite securing a deal with PowerCo and extending its cash runway, the market reacted negatively to the earnings miss, indicating investor concerns about the company's financial performance.
• The positive news of expanding AI and machine learning initiatives in the healthcare sector by Predictive Oncology might have diverted investor attention away from QuantumScape, contributing to the bearish trend in QS stock.
• Investors might be cautious about QuantumScape's future outlook and strategic partnerships as highlighted in the Q2 2024 earnings call, leading to a sell-off in the stock.

13.07.2024 - QS Stock was up 5.0%

• QuantumScape (QS) experienced a strong bullish movement today, possibly driven by the overall positive sentiment towards the EV market and the increasing demand for electric vehicles.
• Challenges in the EV market, such as range anxiety and pricing concerns, could impact traditional EV manufacturers like Tesla. However, QuantumScape's focus on solid-state lithium-metal batteries may position them favorably in addressing these challenges and attracting investors.
• As the EV market continues to evolve and face obstacles, investors may be looking towards companies like QuantumScape that offer innovative solutions and potential growth opportunities in the industry.

05.07.2024 - QS Stock was up 5.7%

• The bullish movement in QS stock could be attributed to the positive sentiment surrounding the electric vehicle industry, with investors eyeing potential growth opportunities in the sector.
• The mention of QuantumScape in information about undervalued and emerging stocks could have sparked interest and attracted more investors to the company.
• Hinting at a buying opportunity for QuantumScape due to recent EV pessimism being a potential catalyst for the stock's upward movement today.

05.07.2024 - QS Stock was up 12.5%

• QuantumScape witnessed a significant bullish movement today within the context of a generally turbulent EV market.
• The upsurge in QuantumScape's stock price could be linked to the current positive sentiment surrounding EV companies such as Rivian and Lucid, despite the broader market situation.
• Investors are potentially considering QuantumScape as a stock poised for substantial growth within the EV industry, particularly in light of the recent decline in EV stock valuations.
• Market sentiment appears to be favoring companies like QuantumScape, signaling a resurgence of interest in the EV sector despite recent market fluctuations.